SPDR S&P 500 (SPY)

[gumbie05]

Put out my last short positions this morning (for a while) but I’m good with the overall dollar cost average. Been building this position for a couple of weeks- slowly but surely- and got aggressive since the beginning of the month. As previously posted- this is very reminiscent of the year 2000. Back then it was the hysteria about Y2K, the Election (which turned out to be very controversial) and of course the dotcom bust! See some similarities especially with regard to AI (vs dotcom) hence why I’ve been seeing this first Q1 as the potential peak for this latest Bull run as the underlying fundamentals begin deteriorating rapidly.

Footnote: in 2000 the Nasdaq peaked on March 10th 2000. This year the 10th is on Sunday so I’m guessing that it’s either today or Monday that it will be the same scenario for both SPY & Nasdaq. We’ll see….

- JMHO